Lee Jae-yong, known professionally in the West as
Jay Y. Lee, is a South Korean business magnate and the
chairman of Samsung Electronics. He is the only son of Hong Ra-hee and Lee Kun-hee, chairman of Samsung until his death in 2020, and is his father's successor. Lee is fluent in his native Korean, English, and Japanese. As of September 2021, Lee is estimated to be worth US$11 billion, making him the fourth-wealthiest person in South Korea. In January 2021, Lee was sidelined from taking part in major Samsung business dealings after he resumed serving a prison sentence for a bribery and embezzlement conviction. He was pardoned in August 2022 and will be reinstated at his position at Samsung. In October 2022, it was announced that Lee was appointed as the executive chairman.